Agree, the company is basically saying it was slightly delayed on some contracts, but they are coming. That is not a surprise when doing contracts. It is almost standard to some extent. You miss the month by 1 min, and its into the next month. That was an opportunity for some to top up.
This is not really a hard model to work out. They add more clients on 3 years contracts and every new contract stacks on top of the previous. Most tech stocks would die for this sort of revenue model. Just ask BIG and GSW.
CRO Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held